Thursday, January 18, 2018

TTIP set to lock in high drug prices in both US and Europe

Source: Deirdre Fulton via Common Dreams 'Unfortunately, trade agreements have become one more mechanism for drug corporations to expand their monopoly power' A sign seen at a recent anti-TTIP demonstration in Brussels. (Photo: Floris Van Cauwelaert/flickr/cc) As E.U. and U.S. officials meet...

Wells Fargo Scandal Spreads to Prudential Insurance

Source: Matt Egan via CNNMoney.com It may not have been just fake bank and credit card accounts. Now there are allegations that Wells Fargo customers were sold Prudential insurance products they didn't want. Wells Fargo employees appear to have signed up...
yuan

China fixes yuan at four-week low despite pledge

China's central bank on Monday fixed its rate for the yuan currency at a four-week low, data showed, despite comments by chief Zhou Xiaochuan that there was no basis for further depreciation. Source - Yahoo Finance The People's Bank of China...

Illinois and Chicago eye Wells Fargo business bans

Source: Karen Pierog via Reuters.com Wells Fargo & Co (WFC.N) faces possible bans from doing business with the city of Chicago and the state of Illinois in the wake of its sales scandal that erupted earlier this month. Alderman Edward Burke, who...
JPMorgan

JPMorgan Chase Fined $264M For Bribery And Corruption

Source: Anonymous Headquarters JPMorgan Chase Fined $264 Million for Engaging in Bribery and Corruption in China, More Wall Street Banks to Face Similar Fate We all know that the 2008 financial crisis was a result of the recklessness of the big...
wells fargo

Wells Fargo Admits Deception in $1.2B Settlement

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord Source - Reuters Wells Fargo & Co (WFC.N) admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a...

Modest U.S. Growth at Year’s End May Reframe Policy Debate

Source: Nelson D. Schwartz via nytimes.com The American economy finished 2016 on a soft note, the government reported on Friday, lowering the annual pace of growth to 1.6 percent, the lowest level in five years. That is less than half the...

Government sues America’s largest student loan company

Source: Katie Lobosco via CNN Money Sallie Mae has long drawn the ire of student loan borrowers struggling to pay back their debt. But as it turns out, they might have had a real reason to complain. On Wednesday, the federal government and...
tax

Leaked Documents Reveal Tax Haven For Elite

Panama Papers: Britain and Russia 'at the heart of super-rich tax-avoidance network' Source - Independant.co.uk The UK was second only to Hong Kong in a list of international jurisdictions where the most banks, law firms and middlemen associated with the Panama...

Banks start talks about sharp cuts to customer fees

Source: John Aidan Byrne via nypost.com US banks are finally talking about huge breaks on fees paid by retail customers — and some experts see these sharp cuts in the coming year on everything from overdraft and ATM fees, to...

BREAKING NEWS

Sarahah Quietly Uploads Your Entire Address Book

Source: The Intercept Hit App Sarahah Quietly Uploads Your Entire Address Book Sarahah, an app that lets people sign up to receive anonymized, candid messages, has...